Block Traders Nix Decimalization, Says Survey
Traders Magazine, August 2003
Decimalization, which is expected to be one of the topics on the market structure agenda in Congress, is not working for most block traders, according to a new survey. About 80 percent of some 50 block traders surveyed said that decimalization has been a "net negative" for their clients. And, by about the same percentage, block traders said decimalization should be modified, according to the survey by Harborside+. Harborside+ operates a block trading system. The survey was sent to 233 traders on the buyside and sellside.
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